An agreement was signed between the BOI and Asiavision Resorts (Pvt) Ltd, to construct a 95-roomed 5-star classed hotel in Seeduwa, Katunayake. The hotel adjoins the Airport Garden Hotel and is built on six and a half acres. The cost of this project represents an investment of Rs.300 million. The hotel will consist of three types of rooms, standard, luxury and super luxury rooms, with 30% of the rooms being super luxury rooms. Managing Director W.S. Rajasooriya of Asiavision Resorts explained that the land was initially bought for a housing project but due to the surrounding and its view of the lagoon they decided to construct a hotel, which is needed in n this region. Employment for this project will be 160 employers, with 154 of them being Sri Lankans and 6 of them being foreigners.

Mandakini Residencies (Pvt) Ltd, signed an agreement to put up a 5 storied, 15-unit condominium complex. It will be situated in one of the most popular neighbourhoods in Colombo, No 4, Green Lands Lane, Colombo 05. This will be Mandakini Residencies, the first project that is to be completed in 18 months. The investment of this project will amount to Rs.60 million and employment at full capacity will be 20 employees. The apartment complex is expected to be completely different to most other apartment complexes. It is also designed to offer a sanctuary of tranquility, comfort, luxury and security to its residents.